What is the difference between waqf (an endowment) and a gift?
Machine translationRead the Arabic original
Question:
May Allah reward you. This person, may Allah protect you, asks: What is the difference between waqf (an endowment) and a gift?
Answer:
Waqf (an endowment) is holding back the principal and making the benefit available. Therefore, a waqf (an endowment) is not owned, not sold, and not given as a gift. As for a gift, it is a person’s voluntary donation of something from his wealth to another so that he may own it. The recipient, once he takes possession of the gift, disposes of it like the rest of his wealth. Yes.
May Allah reward you. This person, may Allah protect you, asks: What is the difference between waqf (an endowment) and a gift?
Answer:
Waqf (an endowment) is holding back the principal and making the benefit available. Therefore, a waqf (an endowment) is not owned, not sold, and not given as a gift. As for a gift, it is a person’s voluntary donation of something from his wealth to another so that he may own it. The recipient, once he takes possession of the gift, disposes of it like the rest of his wealth. Yes.
Source
قناة «العلامة الدكتور صالح الفوزان»، ما الفرق بين الوقف والهبة؟ - الشيخ صالح الفوزان — youtube.com
The Arabic text is a machine transcription of the audio recording.